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20130125
20130125
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KQED (PBS) 2
KQEH (PBS) 1
KRCB (PBS) 1
WETA 1
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Search Results 0 to 4 of about 5 (some duplicates have been removed)
PBS
Jan 24, 2013 4:30pm PST
calls balance and what the republicans call nonsense because it involves raising taxes. i think you have to do bovment i think you have to have more revenue and you have to cut back spending. >> susie: let's say congress doesn't do that. what happens next? explain to people what happens next. >> i think the real risk is that we come to a showdown in march when the current stopgap budget ends and we face the government shutdown. people will lose svices. pele wl lose jobs. and there will be a fiscal contraction, on top of the ones that we've already put in place. and that's not great for the economy, for sure. >> you know, and this whole conversation about a budget and the deficit and all of that. it's all about raising taxes and cutting spending. and there's no discuss about growth. and that is what americans really want. growth and jobs. what do we have to do to get growth? >> well, the badh6+suz there, susie s that while higher growth is by far the best remedy, it's very hard to put if into effect. in a sizableay. you need more investnt i human beings, that's education and so on. you ne
WETA
Jan 25, 2013 6:30pm EST
out of town. and interestingly, based on some spending cuts and tax increases that have been implemented so far, we're pretty close. and jack lew intimately knows what it takes to get from here to there. now, i think you, also, to, about other issues of the treasury's beat, international currency, financial markets, implementing the dodd-frank issue. as i mentioned, financial reform is still incomplete. so jack lew is going to have to oversee those as well. >> susie: let me get back to the budget issue. jack lew was also the architect of this sequester mechanism. a lot of people are worried if that kicks in, the automatic spending cuts, that, you know, that would really be a bad thing for the economy. some democrats are surprisingly saying maybe that's a good way to handle this whole budget cuts. where do you think jack lew stands on that? and, unfortunately, we just have half a minute left. what do you think? >> well, i think jack recognizes that if the sequester kicks in, it does two things. one, it makes deficit savings a lot more pronounced. that's $85 billion in one year
Search Results 0 to 4 of about 5 (some duplicates have been removed)